Question
Whispering Corporation had income from continuing operations of $10,775,400 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of
Whispering Corporation had income from continuing operations of $10,775,400 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $200,100. Prior to disposal, the division operated at a loss of $321.500 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Whispering had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Whispering beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) WHISPERING CORPORATION Income Statement (Partial) For the Quarter Ended December 31, 2025 Income from Continuing Operations Net Income/(Loss) Net Income/(Loss) Net Income/(Loss) Earnings per Share $ +9 10775400 S 10775400 19 $ $
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